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Two Wheeler Loan Interest Rates

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Before applying for a two-wheeler loan, you must always discuss about the prevailing interest rates with your banker and check your affordability. Since the interest rates can make or break your loan deal, always pay attention to the minute details about the rate of interest.

Given below are the current interest rates for two wheeler loans offered by the leading Indian banks and financiers:

Two Wheeler Loan Interest Rates by Banks
Name of Bank Loan Scheme Two-Wheeler Interest Rates
State Bank of India Super Bike Loan Scheme 1 year MCLR (7.95%) + 3.65% = 11.60% p.a.
SBI Two-Wheeler Loan 1 year MCLR (7.95%) + 9.25% = 17.20% p.a.
HDFC Bank Super Bike Two wheeler Loan APR: 8.61% to 17.13% IRR: 8.60% to 14.65%
Two wheeler Loan APR:10.55% to 34.08% Note- Up to December 2017 IRR:10.50% to 28.41% Note-Up to December 2017
Saurashtra Gramin Bank Saurashtra Two-wheeler Loan Repayment Period up to 3 Years 15%
Repayment Period up above 3 Years, up to 5 years 16%
Bank of Baroda Bank of Baroda’s Two-Wheeler Loan One year MCLR (6.45%) + Strategic Premium + 4.00%
Punjab National Bank PNB Vehicle Loans In which monthly income is being paid via concerned branch and/or under check off facility < 3 years 1 Year MCLR + 3.25%= 11.4% p.a.
>= 3 years 1 Year MCLR + 3.75%= 11.90% p.a.
For every other loan including business concerns < 3 years 1 Year MCLR + 4.25%= 4.12% p.a.
>= 3 years 1 Year MCLR + 4.75%= 12.90% p.a.
PNB Power Ride Up to 36 months 1 Year MCLR + 1.75%= 9.90% p.a.
Andhra Bank Andhra Loans for Two-Wheelers For loan term up to 36 months 1 Year MCLR (8.40%) + 1.95%=10.35% p.a.
For loan term above 36 months 1 Year MCLR (8.40%) + 1.95% + 0.25%= 10.60% p.a.
Bajaj Fin Serv Customers are segregated into three bands, namely, The best possible interest rate is offered to the customers on the basis of the bank’s pre-fixed loan parameters.
High >30%
Medium 27% to 30%
Low <27%
L & T Finance L & T Two-Wheeler Finance Starts from 10.75% p.a. The actual rate varies on the basis of the profile and credit worthiness of the borrower
UCO Bank UCO Two-Wheeler Loan Scheme For General category 1 Year MCLR (8.45%) = + 4.40%= 12.85% p.a.
Accounts with full liquid collateral security (1.00% interest rebate) 1 Year MCLR (8.45%) + 3.40%= 11.85% p.a.
Accounts with 50% liquid collateral security (0.50% interest rebate) 1 Year MCLR (8.45%) + 3.90%= 12.35% p.a.
Syndicate Bank Syndvahan Two Wheeler Loan 1 Year MCLR (8.45%) +2.10% =10.55% p.a.
Vijaya Bank V-Wheels 2 Wheeler Loan 1 Year MCLR (8.50%) + 3.15% =11.65% p.a.
V-Combo (Special vehicle loan for home loan customers) 1 Year MCLR (8.50%) + 0.65% =9.15% p.a.
Allahabad Bank AB Mobike Loan Scheme 1 Year MCLR (8.45%) +3.25%= 11.70% p.a.
Oriental Bank of Commerce Oriental Vehicle Loan Scheme for General Public Up to 36 months BR + 0.50% = 10.20% (Floating) 0.25% concession on the interest rate for loyal customers, group of employees and home loan borrowers
Up to 84 months BR + 0.75% = 10.45% (Floating)
Shriram City Union Finance Shriram Two-Wheeler Loans Interest Rate will be offered at the lender’s discretion on the basis of the loan scheme opted by the borrower
Bank of India BOI Star Vehicle Loan for 2 Wheelers including Super Bikes) 1 Year MCLR (8.30%) + 0.60%= 8.90% p.a. Note- Festive offer valid up to 31.03.2018
Punjab & Sind Bank Two-Wheeler Vehicle Loan One Year MCLR (8.40%) + 2.00% = 10.40% Note- Festive Bonanza Scheme valid up to 31.03.2018
Lakshmi Vilas Bank Lakshmi Personal Vehicle Loan 1 Year MCLR (9.15%) + 3.10% =12.25% p.a.
Nainital Bank Suhana Safar Loan Scheme For Tenure 1 Year MCLR 1 Year MCLR (8.35%) + 0.70%= 9.05% p.a. Special concession is offered under Festive Offer
For Tenure 2 Years MCLR 2 Year MCLR (8.65%) + 0.40%= 9.05% p.a.
For Tenure above 2 Years MCLR Above 2 Year MCLR (9.00%) + 0.25%= 9.25% p.a.
City Union Bank CUB Easy Ride 3 Year MCLR + 4.80%= 14.50%
State Bank of Mysore Up to 5 years 1 Year MCLR + 6.55% = 16.05%
State Bank of Travancore Rs.50000 and below 13.85% p.a.
Above Rs.50000 12.85% p.a.
State Bank of Patiala Floating Rate of Interest 1 Year MCLR + 6.25% = 15.75% p.a.
Fixed Rate of Interest 1 Year MCLR + 6.50% = 16.00% p.a.
Corporation Bank Corp Vehicle Two Wheeler Loan 1 Year MCLR (8.65%) + 3.60%= 12.25% p.a.
Central Bank of India Cent Vehicle Loan Floating 1 Year MCLR (8.30) + 0.40%= 8.70% p.a.
Fixed Rate (Repayment within 36 months) 1 Year MCLR (8.30) + 0.40%= 8.70% p.a.

With mounting costs of public transport and increasing traffic, owning a vehicle of your own has become more of a necessity than extravagance. When compared to cars, a two-wheeler is easier to maintain and consumes less fuel. If you are worried about the unexpected expenses that you will incur if you purchase a motorbike, applying for a two-wheeler loan is the best thing to do. With lot of leading banks in India offering two wheeler loans, you can not only get the vehicle of your dreams in no time but also pay back the loan without any financial stress through easy instalments. Along with that, you will be able to get hold of a lot of two-wheeler loan offers which will help you save a good amount on the interest outgo.

Two Wheeler Loan Interest Rates in India

The rate of interest of two-wheeler loans differs from banks to banks. The rate is not the same with two different lenders as every lender has their own pre-fixed parameters based on which the final rate is determined. The interest rates are usually floating and linked to the MCLR (Marginal Cost of Funds Based Lending Rate). Because a two-wheeler is a depreciating asset, the interest rates are generally higher when compared to other loan products.

Usually, the two-wheeler loan interest rates in India range between 8% to 18% depending on the bank, the loan amount, type and model of the vehicle, loan scheme, repayment tenure, applicant's net income and employment type, source of income and credit history. The loan rates may also depend on the type of the loan applied for. Typically, banks offer two-wheeler loans in secured and unsecured form. While the interest rate charged on a secured loan is relatively lesser, an unsecured loan comes with higher interest rate.

Features and Benefits of Two Wheeler Loans

Two-wheeler loans come with a hoard of features and benefits and this is why these are highly preferred by the users. Some of the vital features and benefits of the two-wheeler loans offered in India are listed below:

  • With most of the banks offering loans up to 90% of the on-road price of the vehicle, you can purchase any brand new two-wheeler without giving any second thoughts.
  • Burning up all your savings to purchase a two-wheeler is a risky option. Instead, avail a two-wheeler loan to relieve you of the financial burden. As an added advantage, you can also plan your budget effectively and pay back the loan in affordable EMIs.
  • Two-wheeler loans usually cover the cost of insurance, accessories and registration.
  • To get more out of your two-wheeler loan, check for loan partnership options with your automobile dealer.
  • Two-wheeler loan requires minimal documentation and is offered for all sections of people and all class of customers.
  • The income criteria is also lenient and most of the banks offer motorbike loans for people with an annual income of Rs.50, 000.
  • There is either no prepayment penalty or a nominal foreclosure charge for paying off the two-wheeler loan ahead of the tenure.
  • Most of the banks also offer flexible repayment options which will enable the customer to choose a comfortable tenure.

Two-Wheeler Loan Miscellaneous Charges

Apart from the interest rate the borrower also has to pay several associated charges and fees while availing a two-wheeler loan. Since, these extra charges add to the loan-related expenses, these are vital aspects that a borrower needs to consider while applying for a loan. The commonly applied charges that usually come along with the loan are as follows:

  • Processing charge: The processing fee is a mandatory amount that the borrowers are required to pay at the time of loan application. This fee is charged by the banks for processing the loan request and it is expressed as a percentage of the total loan amount. It usually ranges from 0.50% to 5% of the loan amount which account to minimum Rs.600 to maximum Rs.5000.
  • Foreclosure fee: Banks charge an amount of money on prepayment or foreclosure of the two-wheeler loan before the end of the loan tenure. This is the process of paying a part of the loan or closing it before time. However, the foreclosure charges for two-wheeler loan is relatively lower, even certain banks don't charge any amount for pre-payment of such loans.
  • Late payment fee: In case the borrower default on paying the monthly instalments of the two-wheeler loan on time, the banks or lenders charge a penalty in the form of late payment fee. This fee needs to be paid on time along with the due amount to avoid any further consequences.
  • Other charges: Besides these, the banks or financial lenders levy several other charges on a two-wheeler loan as per own their lending policies. Some of the miscellaneous fees that the borrowers of two-wheeler loans usually have to pay are issuance charges for copy of loan report and credit report, administrative charges, etc.

Types of Two-wheeler Loan and Interest Benefits

As told earlier, banks and other financial organisations provide two different types of two-wheeler loans depending on the security required to avail the loan. Here are the details of the types of two-wheeler loans that a borrower can apply for:

  • Secured two-wheeler loans- Secured two-wheeler loans are those which are offered against a security or a collateral. While taking this type of loan, the borrower needs to offer an asset as a collateral whose value is equivalent to the value of the loan. This collateral acts as a security against the loan and on the basis of this security the bank offers the loan. The main advantage of this two-wheeler loan variant is that it is available at a lower interest rate compared to the other variant as it minimises the risk of the lender in case of defaults. Since this loan comes with low-risk factor, it is easily available and you can get it without hassles.
  • Unsecured two-wheeler loans- Unsecured two-wheeler loans are completely different from the secured ones as they don't require any asset as security. The borrowers can get this variant just by fulfilling the basic eligibility criteria mandated by the lender. Hence, it makes an ideal solution for borrowers who don’t have any asset to pledge against the loan. However, as this loan doesn't require any security, the risk associated with it is more and this is why the interest rate of an unsecured two-wheeler loan is comparatively higher than that of a secured one. In other words, this loan doesn’t offer much interest benefit to the borrowers.

Factors that Impact Two-wheeler Loan Interest Rate

The interest rate is a vital aspect of a two-wheeler loan and the borrower needs to consider and compare the interest rates of various banks before zeroing their search on any particular loan product. But before you start your search for a suitable loan with low-interest rates, you should know about the various factors that play a significant role in deciding the interest rate of the loans. Here are some of the vital ones:

  • Type of vehicle- The rate of interest of a two-wheeler loan largely depends on the type of the vehicle that the borrower is planning to buy. Whether the customer intends to purchase a moped, a scooter, a motorcycle or a high-performance two-wheeler, he or she needs to pay varied interest rates as the rate varies for each of these two-wheeler categories.
  • Employment Type of Applicant: The employment nature of the applicant usually have a significant impact on the rate of interest that is offered by the banks. As they consider a salaried individual to be a more credible borrower compared to a self-employed individual, the interest rate charged for the salaried borrowers is lesser than the rate offered to the self-employed individuals.
  • Range of Income- As the applicant’s income range determines his/her ability to repay the loan in the form of EMIs every month, it greatly affects the interest rate that he/she is offered with. While an applicant with higher income range is usually offered a low-interest rate, an individual having relatively lower income gets loan with higher interest.

How to Compare Two Wheeler Loan Interest Rates?

With so many two-wheeler loans on offer, it often becomes difficult for the customers to find out the best one which will give them significant benefit. These given tips will help you to compare the loans efficiently and zero your search on the most profitable one:

  • Before deciding on a two-wheeler loan product, carefully analyse all the features that it has to offer. Consider the product only if you find the majority of the features matching with your requirements.
  • Check if the interest rates for two-wheeler loan with regards to a particular bank is floating or fixed. Also, use a two-wheeler loan EMI calculator to decide your loan affordability.
  • In a two-wheeler loan EMI calculator, all you have to enter is the loan amount, tenure and the interest rates. The calculator will project the monthly EMI along with the repayment schedule which will help you decide if the loan on that interest rate is affordable.
  • Compare different two-wheeler loan products and check whether features like nil-foreclosure charges, insurance and high quantum are offered or not. Also, make sure to compare the interest rates for two-wheeler loans using a third-party comparison website.

You May Like To Read : Two Wheeler Insurance.

Two-Wheeler Loan Eligibility and Documentation

Eligibility- In India, most of the banks offer two-wheeler loans to people within the age group of 18 to 65. The applicant can be a student, a salaried profession or a self-employed customer. Select banks also offer specialized two-wheeler loan products for agriculturists. The income criteria for two-wheeler loans depend on the type of loan and is at the discretion of bank.

Documents - The applicants have to submit an ID proof and a proof of address. Income documents like bank account statements, salary slips, income tax return statements and certificate of employment are also required. Agriculturists and self-employed individuals have to submit relevant supporting documents to avail a loan for two-wheeler.

Since the interest rate of your two-wheeler loan will determine the final amount that you have to pay every month as a part of the loan repayment procedure, you should take a calculative decision. Shop around, compare all the available loan products and offered interest rate well before opting for a two-wheeler loan product.

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News about Two Wheeler Loan

  • Yamaha YZF-R15 Undergoes Modification to Resemble BMW S1000RR HP4

    LeeAT Moto, a custom motorcycle house has revolutionised the way the world looks at motorcycles by successfully combining the iconic Yamaha YZF-R15 and BMW HP4 Race. And here in India people thought that the two motorcycles cannot be compared, even remotely.

    Considered to be a marriage of some sorts between a superbike and a communal motorcycle, LeeAT has successfully removed the latter’s rear-view mirrors, headlights, turn indicators, number plate holder, and tail light. These modifications have been introduced because evidently the BMW S1000RR HP4 is not a legal bike for the roads and does not have all of these things. The front of the R15 has been imparted with a multi-color windscreen.

    The aggressively formulated body panels have replaced the stock body panels that essentially matches the BMW S1000RR HP4. The bike’s fuel tank has been given highlights of blue near the filler cap which makes it look even more aggressive. On the fairing of the bike, the BMW badge provides a look of authenticity to the motorcycle. With the assistance of decals, the very visible problem of carbon-fiber bits has been successfully resolved.

    What’s more, the R15 has also been given a clip-on handlebar.

    12 November 2018

  • TVS festive season discount on Jupiter, Apache R 160, NTorq and others

    Following the tradition laid down by Piaggio and Suzuki Motorcycles India, TVS had rolled out attractive festive season offers in the month of September. The offers announced by this two-wheeler manufacturing company included low down payment and interest rates on its various models, including its flagship product, the TVS NTorq. This limited period offer was open till the end of September across all the TVS dealerships located at various parts of India. As a part of this offer, borrowers could purchase TVS NTorq at a down payment of Rs.10, 999 and TVS Wego at an initial payment of Rs.6, 999 only. The best-selling scooter of the company, TVS Jupiter, was available for sale at a minimal down payment of Rs.6,900. The offer was also applicable to the entry-level scooters and motorcycles of TVS. Apache RTR 160 was purchased just at Rs.14, 999 as initial payment. Added to these lucrative discounts, TVS also offered its entry-level motorcycles namely TVS Victor TVS Sport, TVS XL Super HD, and Apache RTR 160 at a very low-interest rate of 3.99%.

    18 October 2018

  • The launch of the new TVS 110cc bike

    TVS is launching a new bike, the TVS 110cc with a style that is not similar to any of other bikes launched by TVS, such as the TVS Star City Plus, TVS Victor and TVS Sport. This bike comes with a radical design that is more appealing to the younger generation. The bike features smartphone connectivity and navigation.

    Not many details are revealed about the model, but one can expect features that are not common in India, such as a semi-digital instrument cluster with twin pilot lamps and a LED tail lamp for a premium look. The TVS 110cc is expected to be priced close to Rs.50,000 (ex-showroom price) and would compete with bikes, such as the Honda CD 110 Dream and the Honda Splendor 110.

    21 September 2018

  • Kawasaki Likely to Introduce Ninja 200 in the Indian Market

    to a report published by the Nikkei Asian Review - a Japanese business journal, Kawasaki is currently working on the development of a 200cc bike for the Indian market. This motorcycle is speculated to be the Ninja 200. Furthermore, the journal claims that the two-wheeler manufacturer is planning to increase production at its plant based in Chakan, Maharashtra to develop approximately 10,000 bikes every year. This decision has been taken since Kawasaki is looking to make India the export hub for overseas markets such as Africa, Latin America, etc. The motorcycle maker based in Japan is aiming to sell around 5,000 bikes in India every year by the year 2020. In order to achieve this, the company is gearing up to inaugurate 30 showrooms across the length and breadth of the country by this time. Presently, Kawasaki has a total of 10 showrooms in the country and sells approximately 1,400 bikes every year in India - ranging between 250cc models and litre class flagship products.

    As the Indian customers are obsessed with the price tag of motorcycles, Kawasaki has reassigned numerous engineers from Japan to its production house in the country in order to help make the motorcycles more competitively priced for the Indian market. These engineers have been tasked to help the Japanese bike maker incorporate locally manufactured components that are low priced for its small-displacement motorcycles such as the KTM Ninja 250. The Head of Motorcycles and Engines Division in Kawasaki, Kazuo Ota, has indicated that the company is planning to tap the potential demand for motorcycles with a 200cc displacement in India. While the Japanese brand is known for its distinctive green livery, it might also develop new models especially for the Indian market.

    Kawasaki ventured the Indian market with a collaboration with Bajaj Auto, and the companies introduced bikes such as the Eliminator cruiser and the Kawasaki Bajaj Caliber 115 - a customer-favourite in the market. During the later years, the company started locally assembling its own bikes with capacities ranging from 250-650cc at Bajaj’s plant in Chakan, while the larger capacity motorcycles were directly imported. This partnership ended as Kawasaki opened a 10,000-square-metre manufacturing plant in September 2017. The company started to manufacture and assemble its motorcycles at its new facility, and this helped the price of the motorcycles down in the country.

    28 August 2018

  • Hyderabad Metro Rail to Introduce e-bikes to Passengers

    The Hyderabad Metro Rail Limited (HMRL) plans to launch e-bikes for passengers who commute using the metro. The launch date has been set for 15 August.

    Metro passengers can use the bikes to get to their destinations from the metro station and will be charged Rs.4 per km. The bikes can be used by downloading the Metro Bikes app and verifying their driver’s licence and ID proof. At present, some of the metro stations provide the service with conventional bikes.

    The focus of this campaign is environmental protection, which is why passengers will only be charged for the distance travelled.

    14 August 2018

  • Mobiles Likely to Attract Majority of Vehicle Customers by 2022

    According to a joint report released by KPMG and Facebook, more than 68% of two-wheeler and 81% of four-wheeler customers will be influenced by mobile phones by the year 2022. Additionally, the report further claims that around one in two two-wheeler purchases (45%) and a similar number of customers will be influenced by Facebook. However, this report cannot be affirmed by ETAuto independently. The report also focuses on the fact that media friction contributes approximately one-third (9%) of the total friction loss (26%) in four-wheeler purchases. In case of two-wheeler purchases, media friction accounts for nearly half of the total loss of friction with 16% out of the total 34%.

    As per the comments of Sandeep Bhushan, Director of Facebook India and South Asia, on the report findings, the rise in demand for vehicles might lead the customers to spend more time researching their selected vehicle on their smartphones instead of visiting a dealership. This makes it crucial for automotive manufacturers to formulate marketing strategies keeping the mobile platform in mind. The report also states that the automobile industry of India is likely to sell 5.6 million four-wheelers and 30.9 two-wheelers by 2022. Opting for the mobile platform will offer vehicle makers the chance to tap into this opportunity while reducing friction and increasing the customer conversion rate at a low cost.

    1 August 2018

  • Yamaha Has Filed for Patents of Upcoming Leaning Three-Wheeler

    Yamaha is planning to introduce another leaning three-wheeler based on the Yamaha MT-09 and has currently filed for patents for the same. Similar to the company’s first production leaning motorcycle - Yamaha Niken - which was launched earlier this year, the new leaning three-wheeler will also feature a 847cc, DOHC, 4 valves per cylinder, 3-inline cylinder engine. The company is expected to launch more leaning three-wheelers in future. As per the patent drawings, the front end of the new bike will have two wheels in the front very much alike the current Yamaha Niken. However, the drawings illustrate that the engine and chassis of the motorcycle will be like the Yamaha MT-03 - the naked version of the Yamaha YZF-R3. Furthermore, the engine of the leaning three-wheeler is expected to sport a 321cc, liquid-cooled, parallel-twin unit that will be capable of producing a maximum power of 40 bhp and 29 Nm of peak torque. Even though the company has not yet formed any production plan of the new motorcycle, the conceptualised design of the next leaning three-wheeler is likely to be released soon.

    Looking at the massive potential in the leaning three-wheeler industry, Yoshihiro Hidaka - President and CEO of Yamaha Motor Company - has confirmed that the company is currently investing in the production and development of more products in the segment. With Yamaha Tricity, a three-wheeled scooter, and Yamaha Niken already gaining popularity in the markets, the company might reveal another leaning three-wheeler by the end of next year - an R3-powered Niken.

    27 July 2018

  • Eco-friendly V45 Vehicle launched in Hyderabad

    Versatile Auto Components Private Limited has launched the V45 electric bike in Hyderabad. The vehicle is reminiscent of the 1990’s 2-wheeler with the exception of the battery pack fitted under the foot stand.

    The bike is electrically powered and eco-friendly. The battery indicates the charge available and the bike itself comes with two sets of keys—one to start the battery and one to start the bike.

    Riding the V45 is light and well-balanced and can achieve a maximum speed of 25 kmph. A higher mileage can be achieved if operated in half throttle. The bike is ideal for navigating through small spaces and has enough leg room for the rider.

    26 July 2018

  • Ducati Unveiled Limited-Edition Monster 1200 25° Anniversario

    On the occasion of its 25th anniversary, Ducati is planning to launch a limited-edition motorcycle of the Monster brand - Monster 1200 25° Anniversario. The bike sports numerous exclusive features such as carbon-fibre bits and mechanicals similar to the top-spec model of Monster 1200 R, machined components, etc. Additionally, the visor of the bike will also feature a special colour scheme with the 3 colours from the Italian flag inspired from the 2008 Monster S4RS Testastretta Tricolore. Sporting a gold-coloured frame along with golden forged Marchesini wheels with W-shaped spokes, the 25° Anniversario will be powered by a 1,198cc, liquid-cooled, L-twin engine that is capable of generating 147 hp of maximum power and 124 Nm of peak torque. Equipped with a 48mm, fully-adjustable Öhlins fork and monoshock suspension, the braking duties of the motorcycle is handled by dual 330mm discs coupled with a Brembo M50 monobloc calliper in the front end, and a 245mm disc at the rear end. The 25° Anniversario also features Öhlins steering damper along with solid aluminium mirrors, petrol cap, and handlebar-end weights. Available in 3 riding modes - Touring, Urban, and Sport, this bike carries state-of-the-art electronic components such as an Inertial Measurement Unit (IMU) to feeds data to the ABS Bosch Cornering and Ducati Wheelie Control (DWC) systems. Other electronic aids of the motorcycle include Ducati Quick Shift Up and Down (DQS) and Ducati Traction Control (DTC).

    20 July 2018

  • Suzuki Expected to Launch New Electric Two-Wheeler By 2020

    Although Maruti Suzuki made an announcement a few months ago that it will be releasing its first electric two-wheeler in India come 2020, it has now revealed that Suzuki Motorcycle India, the company’s Indian two-wheeler subsidiary, is also expected to launch its very first electric motorcycle and scooter with it. Narendra Modi, the Prime Minister of India, recently met Osamu Suzuki, the chairman of Suzuki, and had discussions regarding the potential to invest a large amount of money in the local production of electric vehicles. Toshiba and Denso, along with Suzuki, have made commitments to invest around Rs.1,700 crore for a battery production facility in the state of Gujarat. A team of five individuals has been set up by the company, and this team will take responsibility for charting the electric vehicle route in India.

    18 July 2018

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Customer Reviews

Page 1 of 50 1 2 3 4 5
  • review Two Wheeler Loan
    "Good service"
    BAJAJ FINSERV
    0.5 4.0/5 "Great!"
    My experience with Bajaj finserv for two wheeler loan was good, loan amount was based on my requirement and the rate of interest was nominal when compared to others. I received my loan on time and the tenure period for this loan was for 20 months.
    Was this review helpful? 0
    , bangalore
    Reviewed on Jan 17, 2019
  • L&T Finance Two Wheeler Loan
    "Beneficiary loan"
    L&T FINANCE LIMITED
    0.5 4.0/5 "Great!"
    L&T Finance is a very good company for two wheeler loan. I have got a sufficient loan from them. I have given all the documents to the showroom people. I have got the loan amount of Rs. 54000. I am paying the EMI of Rs. 2600 for the tenure period of 3 years.
    Was this review helpful? 0
    , bangalore
    Reviewed on Jan 17, 2019
  • review Two Wheeler Loan
    "Good in Service"
    BAJAJ AUTO FINANCE
    0.5 4.5/5 "Excellent!"
    I had taken a two wheeler loan from Bajaj Finance and when I applied , my application was taken care and it was processed on time. It was a quick processing and also the interest rates were reasonable . If you buy a bajaj vehicle you get it at low interest .
    Was this review helpful? 0
    , mumbai
    Reviewed on Jan 17, 2019
  • Tata capital Two Wheeler Loan
    "Should be stick with the commitment"
    TATA CAPITAL LIMITED
    0.5 3.0/5 "Satisfactory"
    One and half month back I took two wheeler loan, I went to the showroom there I bought motor cycle. There I submitted the documents they processed it. They took lots of time to get the loan approval. They said I would get flat rate of 8.75% but they gave higher interest.
    Was this review helpful? 2
    , new delhi
    Reviewed on Jan 14, 2019
  • HDFC Bank Two Wheeler Loan
    "Excellent"
    HDFC BANK
    0.5 5.0/5 "Blown Away!"
    Previously I took my two wheeler loan before 4 years and its been completed. Its a good experience, the rate of interest is low and the customer support is very responsive. They have given good offers. I am satisfied with the benefits and the interest rate so I have chosen HDFC BANK. There was no delay and it was immediate.
    Was this review helpful? 2
    , bangalore
    Reviewed on Jan 14, 2019
  • HDFC Bank Two Wheeler Loan
    "Good in Service"
    HDFC BANK
    0.5 5.0/5 "Blown Away!"
    I carry a salary account in HDFC bank and i had applied for a two wheeler loan with HDFC . My application was processed on time and there was no delay.The interest rates were reasonable and i was happy with the services. HDFC is serving good to their customers.
    Was this review helpful? 1
    , salem
    Reviewed on Jan 13, 2019
  • Bank of Maharashtra Two Wheeler Loan
    "Fast Two wheeler loan approval"
    BANK OF MAHARASHTRA
    0.5 5.0/5 "Blown Away!"
    Bank of Maharashtra gave me standard rate of interest on bike loan, I went to the bank and done the form filling and other documentation submission on the same day they verified and approved on the loan. On next day my Hero honda bike got delivered.
    Was this review helpful? 1
    , hyderabad
    Reviewed on Jan 11, 2019
  • HDFC Bank Two Wheeler Loan
    "Very Good Service"
    HDFC BANK
    0.5 5.0/5 "Blown Away!"
    The experience i had with this loan has been quite good and the loan amount which they had provided has been sufficient as well. There has not been any extra charges which they had made so far. The customer support and their staff responses has also been good as well.
    Was this review helpful? 0
    , gandhinagar
    Reviewed on Jan 10, 2019
  • review Two Wheeler Loan
    "Very Good loan"
    HOME CREDIT INDIA FINANCE PRIVATE LTD
    0.5 5.0/5 "Blown Away!"
    Bought my two wheeler by using this Home credit. I purchased the loan amount of Rs. 46000. I have paid the EMI of Rs. 4500. Total tenure period of the loan is 1 year. I'm not sure about the interest rate and there was a processing fee of Rs. 500. I have got the loan instantly.
    Was this review helpful? 0
    , gurgaon
    Reviewed on Jan 10, 2019
  • review Two Wheeler Loan
    "Very Good loan"
    INDUSIND BANK LTD
    0.5 4.5/5 "Excellent!"
    I have purchased a bike from a Honda dealer and they have given the loan application and they have processed the loan. I'm not sure about the interest rate. I bought this loan about 7 months ago. I have been paying the EMI of Rs. 3500 per month. Total tenure period of the loan is 17 months.
    Was this review helpful? 1
    , new delhi
    Reviewed on Jan 09, 2019
  • ICICI Two Wheeler Loan
    "Best Service"
    ICICI BANK
    0.5 5.0/5 "Blown Away!"
    I have taken two wheeler loan 7 years back and my experience was good, the loan amount was sufficient and the rate of interest was nominal when compared to others. Customer service was good and they responded on time. Tenure period for this loan is 2 years.
    Was this review helpful? 3
    , bangalore
    Reviewed on Jan 09, 2019
  • review Two Wheeler Loan
    "Good"
    BAJAJ AUTO FINANCE
    0.5 4.0/5 "Great!"
    Earlier I had a two wheeler loan with Bajaj Auto Finance. On that day, I did not compare the rate of interest with others. The interest rate was okay and they have processed the loan immediately. The documentation procedure is very simple but the people made it complicated by capturing wrong date of birth.
    Was this review helpful? 0
    , chennai
    Reviewed on Jan 08, 2019
  • HDFC Bank Two Wheeler Loan
    "Not process with HDFC Executive"
    HDFC BANK
    0.5 1.0/5 "Really Bad"
    I have taken a Two Wheeler Loan from HDFC Bank . The rate of interest was 24% which was processed by the showroom executive which I came to know later. But HDFC Bank has offered me a interest rate of 14%. Also 6% charges for pre closure. I have purchased a Yamaha FZ. I have no issues with the HDFC Bank but only because of the executive, am not happy with the service.
    Was this review helpful? 2
    , chennai
    Reviewed on Jan 08, 2019
  • HDFC Bank Two Wheeler Loan
    "Best Service"
    HDFC BANK
    0.5 5.0/5 "Blown Away!"
    I have taken two wheeler loan with HDFC bank and it was a good experience, loan amount was not an issue but the rate of interest was nominal when compared to other banks. Customer service was good and they followed up on time. Tenure period for this loan is 2 years.
    Was this review helpful? 0
    , jaipur
    Reviewed on Jan 08, 2019
  • HDFC Bank Two Wheeler Loan
    "Good Two wheeler loan"
    HDFC BANK
    0.5 5.0/5 "Blown Away!"
    My two wheeler loan was taken from HDFC. I got the loan in the year of 2015. I purchased the loan amount of Rs. 45000. I have received the loan immediately. I'm paying the EMI amount of Rs. 2400 with the tenure period of 2 years. The services has been fine so far.
    Was this review helpful? 0
    , gurgaon
    Reviewed on Jan 08, 2019
  • Shriram City Two Wheeler Loan
    "Very Good Loan servicces"
    SHRIRAM CITY UNION FINANCE
    0.5 5.0/5 "Blown Away!"
    I have purchased a two wheeler insurance in 1.5 years back. I have selected Shriram Finance. I have purchased a loan amount of Rs. 45000. They have given me a nominal interest rate. I have been paying the EMI of Rs. 2454. Total tenure period of the loan is 3 years. I have received the loan on time.
    Was this review helpful? 1
    , gurgaon
    Reviewed on Jan 08, 2019
  • HDFC Bank Two Wheeler Loan
    "Its Good"
    HDFC BANK
    0.5 4.0/5 "Great!"
    I am an existing customer of HDFC hence they gave me the pre approved two wheeler loan offers, the interest rate is standard. After the loan process, there is no communication from the customer support, because I am promptly making my payment. The loan amount is Rs. 65,000 for the tenure of 3 years.
    Was this review helpful? 1
    , ahmedabad
    Reviewed on Jan 07, 2019
  • review Two Wheeler Loan
    "Good Loan"
    BAJAJ FINSERV
    0.5 5.0/5 "Blown Away!"
    I have taken my two wheeler loan by using the Bajaj Auto Finance. I have purchased the loan in 5 years ago. I was purchased the loan amount of Rs. 60000 and they have offered me a interest rate was nominal. I made the payment by EMI. I have selected the tenure period of 1 years. I made the EMI amount of Rs. 4000.
    Was this review helpful? 1
    , hyderabad
    Reviewed on Jan 07, 2019
  • HDFC Bank Two Wheeler Loan
    "Good in Need"
    HDFC BANK
    0.5 4.5/5 "Excellent!"
    I got account in HDFC and i had applied for a two wheeler loan. My request in HDFC bank was taken care and was processed on time, There was no delay and when it comes to interest rates its reasonable. HDFC are good in services and i am a customer of HDFC from long.
    Was this review helpful? 1
    , chennai
    Reviewed on Jan 06, 2019
  • HDFC Bank Two Wheeler Loan
    "Good In Service"
    HDFC BANK
    0.5 5.0/5 "Blown Away!"
    I got account in HDFC and i had applied for a two wheeler loan. My request in HDFC bank was taken care and was processed on time, There was no delay and when it comes to intersest rates its reasonable. HDFC are good in services and i am a customer of HDFC from long.
    Was this review helpful? 1
    , rewari
    Reviewed on Jan 06, 2019
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